StockNews.com Begins Coverage on Aptiv (NYSE:APTV)

StockNews.com started coverage on shares of Aptiv (NYSE:APTV) in a research note released on Saturday. The firm issued a hold rating on the auto parts company’s stock.

Other research analysts have also recently issued reports about the stock. UBS Group decreased their target price on shares of Aptiv from $107.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. The Goldman Sachs Group decreased their price objective on Aptiv from $118.00 to $101.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Bank of America dropped their target price on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Nomura Securities upgraded shares of Aptiv from a “strong sell” rating to a “hold” rating in a report on Monday, August 19th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and an average target price of $95.50.

Aptiv Stock Performance

Shares of APTV opened at $70.43 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 1.09. The firm’s 50 day moving average is $70.21 and its 200-day moving average is $72.69. Aptiv has a 12-month low of $63.62 and a 12-month high of $91.66. The stock has a market capitalization of $19.16 billion, a P/E ratio of 6.64, a P/E/G ratio of 0.65 and a beta of 1.79.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.16. The company had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.30 billion. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.25 EPS. Equities research analysts anticipate that Aptiv will post 6.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Capital World Investors bought a new position in shares of Aptiv in the first quarter worth about $343,760,000. EdgePoint Investment Group Inc. bought a new position in Aptiv in the 1st quarter worth approximately $335,426,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Aptiv by 15.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock worth $905,681,000 after buying an additional 1,764,844 shares during the last quarter. Ariel Investments LLC bought a new stake in shares of Aptiv in the first quarter valued at approximately $85,880,000. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Aptiv by 13.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock worth $529,212,000 after acquiring an additional 905,431 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

About Aptiv

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.